Domestic polyethylene prices are facing downward pressure in China as a result of poorer than expected demand and weakening ethylene markets. As per Chemorbis, a major producer in the East reduced offfers for LLDPE film by CNY300/ton (US$44/ton) and by CNY200/ton (US$29/ton) for HDPE film, alluding to poor demand and rising stock levels.
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Wednesday, March 10, 2010
Poorer than expected demand, weakening ethylene markets pull down PE prices in China’s domestic market
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